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Do the sellers have to fill out a property disclosure form…

Do the sellers have...

Do the sellers have to fill out a property disclosure form for the sale of a condo unit in NYS?

Lawyer's Assistant: Where is the property located?

Sullivan County NY Town of Fallsburg

Lawyer's Assistant: Has any paperwork been filed?

Property Disclosure no

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Answered in 7 minutes by:
9/19/2017
Gerald-Esquire
Category: Real Estate Law
Satisfied Customers: 5,462
Experience: Over 30 years of experience
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Hello,
Thank you for using Just Answer. Please bear with me while I review your question. I will respond fully shortly. Thank you for your patience.

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Hello,

Thank you for your patience and thank you for using Just Answer. I want to provide you the best service I can. Please feel free to ask any follow-up questions you have.

I am an attorney with 30 years of experience; I hope to provide you information that will help you in resolving your question.

No. Condominiums are not included in the statutory definition of “residential real property." The law exempts condominium units and cooperative apartments.

See: N.Y. Real Prop. Law §461(5).

http://law.justia.com/codes/new-york/2012/rpp/article-14

I hope the information I provide is useful to you. I want you to be comfortable and satisfied with my attempt to assist you. Please, if you have ANY follow-up questions, feel free to ask.

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Please note: Information is educational and not given as legal advice. Only your local attorney can give legal advice. I can't establish or accept an attorney-client relationship with you. All posts are available for public viewing.

Kind regards,

Gerald

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The approved form also so states that Condos are not included. See:

https://www.dos.ny.gov/forms/licensing/1614-a.pdf

It states as follows:

“Residential real property” means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeownersassociation that is not owned in fee simple by the seller."

Kind regards,

Gerald

(Please do not forget to rate me – click the five stars. It adds nothing additional to your costs, but it helps me greatly. Plus it is good Karma for you. Thank you.)

Gerald-Esquire
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